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Jim Cramer: "The Simmons Argument is Right..."

Posted by Prof. Goose on September 9, 2005 - 3:26pm
Topic: Supply/Production

Jim Cramer, on CNBC, at 6:10-6:20edt discussed Matt Simmons, oil prices, and even took a call on "Hubbert's Peak!"  He also said oil was way too cheap (compared to a gallon of milk) and was going to $100 way before it sees Steve Forbes' $35/bbl.  

It was one of the better lay explanations I have seen in a while.  I would recommend you tell your non PO-aware friends about this one if they have CNBC.

The program will be rebroadcast at 9 and midnight edt.  The segment begins about 10 past the hour.  If you wanted mainstream media coverage folks, this is it.

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